Executive Incentives Through Performance-Linked and Stock-Based Compensation
First written in FY2019. 10 of 14 entries say "Advanced", first in FY2020-Q2. Latest entry: 2026-07-22.
- FY2026AdvancedAnnual report
「2025 advance-grant type: categories and number of eligible recipients: 5 Company directors, excluding outside directors. Shares granted by class: 21,114 common shares. Grant date: 23 July 2025.」
Under the restricted stock compensation plan, granted 21,114 shares to 5 directors, excluding outside directors. There were no outstanding performance-based stock options, and the Company continued to operate with a focus on share-based compensation. - FY2025Performance-based stock options expired; share-based compensation continued.Annual report
「All of these stock acquisition rights have expired because the performance conditions were not met.」
All 373,000 shares underlying the stock acquisition rights subject to the 8% operating margin and ¥24.0 billion net sales conditions under Medium-Term Plan 2024 expired. Meanwhile, the Company disposed of 19,141 shares as restricted stock compensation, continuing the share-based compensation plan. - FY2024-Q1AdvancedAnnual report
「The Company resolved at a meeting of its Board of Directors held on 29 June 2023 to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”) and carried out the disposal as follows. Overview of the Treasury Share Disposal: (1) Allocation date: 26 July 2023. (2) Type and number of shares to be disposed of: common shares, 18,633 shares. (4) Intended recipients: 5 Company directors, excluding outside directors, 18,633 shares.」
For restricted stock compensation, resolved to and carried out the disposal of 18,633 treasury shares to 5 directors, excluding outside directors, advancing the grant stage. - FY2023-Q3AdvancedAnnual report
「The share acquisition rights issued during the three-month period ended in the third quarter are as follows.」
For the performance-based stock acquisition rights under Medium-Term Plan 2024, 3,730 rights covering 373,000 shares were allocated on 18 November 2022 to 103 people, comprising 6 directors, executive officers and 97 employees, formalising the issuance. - FY2023-Q2AdvancedAnnual report
「The stock acquisition rights granted will be subject to performance targets and may all be exercised if, in the final year of Medium-Term Plan 2024, the fiscal year ending March 2025, the consolidated operating margin on sales reaches 8% and consolidated net sales reach ¥24.0 billion.」
Determined the specific terms for issuing 3,730 stock acquisition rights to 103 people, comprising 6 directors, executive officers and 97 employees, linked to the targets of Medium-Term Plan 2024. The exercise conditions were an 8% operating margin and net sales of ¥24.0 billion for the fiscal year ending March 2025. - FY2023-Q1AdvancedAnnual report
「The Company resolved at a meeting of its Board of Directors held on 19 July 2022 to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”). Type and number of shares to be disposed of: common shares, 15,945 shares. Intended recipients: 6 Company directors, excluding outside directors, 15,945 shares.」
For the restricted stock compensation plan, resolved to dispose of 15,945 treasury shares to 6 directors and moved the plan to the specific grant stage. - FY2022AdvancedAnnual report
「The restricted stock under this plan will be granted by issuing or disposing of the Company’s common shares as compensation or other remuneration for directors, without requiring monetary payment or the contribution of property.」
In addition to performance-linked bonuses and stock options, introduced a restricted stock compensation plan. The plan is capped at 40,000 shares per year and ¥40 million per year, with transfer restrictions lasting until retirement or resignation to promote long-term growth in corporate value and value sharing with shareholders. - FY2021AdvancedAnnual report
「Directors’ compensation is structured to function as an incentive for sustained growth in corporate value. All matters relating to compensation are subject to consultation with the Management Advisory Committee, which has a majority of outside officers, thereby ensuring transparency, objectivity and rationality.」
Formalised a policy requiring consultation with a committee having a majority of outside officers when determining the compensation structure, including performance-linked bonuses and share-based compensation. - FY2020RestatedAnnual report
「The total amount of performance-linked bonuses, which serve as a short-term incentive, is determined based on the level of unconsolidated net income for the current fiscal year, the source of dividends to shareholders. Individual bonus amounts are determined according to performance evaluations conducted by the representative directors and the individual's position. Performance-linked stock options serve as a medium-term incentive to encourage efforts to enhance corporate value from a medium- to long-term perspective, with the exercise ratio determined according to the degree of achievement of the performance targets in the medium-term management plan.」
The Company reconfirmed its policy of positioning performance-linked bonuses and performance-linked stock options as short- and medium-term incentives linked to the performance targets in the medium-term plan. - FY2020-Q3AdvancedAnnual report
「The allocated stock acquisition rights are subject to performance targets and may be exercised only if consolidated operating income of at least ¥2.6 billion is achieved in the final year of Medium-Term Plan 2021, the fiscal year ending March 2022.」
The performance-linked stock option plan moved into the implementation phase through the issuance of 3,960 options covering 396,000 shares and the setting of the specific exercise condition of consolidated operating income of at least ¥2.6 billion for the fiscal year ending March 2022. - FY2020-Q2AdvancedAnnual report
「The stock acquisition rights are subject to performance targets and may be exercised only if consolidated operating income of at least ¥2.6 billion is achieved in the final year of Medium-Term Plan 2021, the fiscal year ending March 2022.」
The policy for performance-linked stock options as a medium-term incentive moved into the implementation phase through the specific issuance of 3,960 options covering 396,000 shares and the exercise condition of consolidated operating income of at least ¥2.6 billion for the fiscal year ending March 2022. - FY2019First statedAnnual report
「Compensation for directors other than outside directors comprises base compensation, stock compensation, performance-linked bonuses and performance-linked stock options. The policy is to determine compensation at meetings of the Board of Directors, following consultation with the Management Advisory Committee and in accordance with the calculation methods prescribed in internal regulations. Performance-linked stock options serve as a medium-term incentive to encourage efforts to enhance corporate value from a medium- to long-term perspective, with the exercise ratio determined according to the degree of achievement of the performance targets in the medium-term management plan.」
The Company systematically disclosed for the first time its policy of structuring officer compensation not only as fixed compensation but also as stock compensation, performance-linked bonuses and performance-linked stock options, linked to achievement of the medium-term plan.